The Internal Revenue Service (IRS) issued Notice 2021-56 - Standards for Section 501(c)(3) Status of Limited Liability Companies as its first attempt to set the standards for a limited liability ...

For tax-exempt hospitals, the Section 501(r) Internal Revenue Code (IRC) requirements of the Affordable Care Act are “old news” by now. However, despite the recent focus on repeal of the ACA, it is ...

Rev. Proc. 2024-5 is the expected annual update that the Internal Revenue Service issues each year regarding procedures for issuing exempt organization (EO) determination letters. New this year, the ...

In Private Letter Ruling 202535005 (Aug. 29, 2025), the Internal Revenue Service ruled that two charitable trusts created from the allocation of assets of a private foundation (PF) wouldn’t be treated ...

In this program you will learn about the Regulations and receive guidance, recommendations and emerging best practices with respect to drafting IRC Section 501(r)-compliant financial assistance ...

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits, especially those that want to stay compliant and avoid ...